NOT LISTED FOR SALE

246 Marylinn Dr Milpitas, CA 95035

8 Beds
4 Baths
2,992 Sq Ft
8,699 Sq Ft Lot

Last Sold June 23, 2022

Last sale price $1,850,000 $618 Per Sq Ft

19 Days on Market

Highlights

  • Granite Countertops
  • Coin Laundry
  • Heating Available
  • Anthony Spangler Elementary School Rated A-
  • Carpet

About This Home

As of June 2022

Fourplex with 2 Beds 1 Bath per Unit, Located in the Heart of Milpitas. Newly Resurfaced Driveway! Covered Parking Garages & Open Parking Spaces. Walking Distance to Curtner Elementary School, Thomas Russel Middle High & Milpitas High School and Milpitas Public Library. Close to Town Center, SAFEWAY, Starbucks, Asian Groceries, Gyms, Commercial Establishments and Great Mall Shopping Center. Easy Commute to Apple, Google, Facebook, Cisco, Tesla & BART Station. Close Exit to Freeways 680, 880, 237 & 101.

Last Agent to Sell the Property

Ulysses S. Chua

KW Silicon City License #01775335 Listed on: 05/12/2022

KW Silicon City

Last Buyer's Agent

Yajnesh Rai

Keller Williams Realty-Silicon Valley License #01924991

Keller Williams Realty-Silicon Valley

Property Details

Home Type

  • Multi-Family

Year Built

  • 1964

Lot Details

  • 8,699 Sq Ft Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,992 Sq Ft Home
  • 2-Story Property

Kitchen

  • Electric Oven
  • Range Hood
  • Granite Countertops

Flooring

  • Carpet
  • Laminate
  • Vinyl

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • On-Street Parking
  • Uncovered Parking

Utilities

  • Heating Available
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $91,800

Community Details

Building Details

  • 4 Leased Units
  • Gardener Expense $480
  • Insurance Expense $1,600
  • Maintenance Expense $180
  • Other Expense $590
  • Utility Expense $4,200
  • Trash Expense $900
  • Operating Expense $10,550
  • Gross Income $92,400

Additional Features

  • 2,992 Sq Ft Building
  • Coin Laundry

Property Details

Home Type

Multi-Family

Year Built

1964

Lot Details

0

Listing Details

  • Zoning: R3S
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2992
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Kitchen: Countertop - Granite, Hood Over Range, Oven Range - Electric, Pantry Cabinet, Refrigerator
  • Living Sq Ft: 2992
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Carpet, Laminate, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Covered Parking, On Street, Uncovered Parking
  • Carport Min: 4

Utilities

  • Heating System: Electric
  • Sewer/Septic System: Sewer - Public

Schools

  • High School: 293

Lot Info

  • Lot Acres: 0.1997
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8701.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8701.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 19.36
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1600
  • Expense Landscape: 480
  • Expense Maintenance: 180
  • Expenses Other: 590
  • Expenses Total: 10550
  • Expenses Utility: 4200
  • Expense Trash: 900
  • Income Annual Gross: 92400.00
  • Income Annual Rental: 91800
  • Income Gross Scheduled: 92400
  • Income Other: 600
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 4
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Laundry, Maintenance - Repair, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/23/2022 06/23/22 Sold $1,850,000 +3.4% $618 / Sq Ft
06/01/2022 06/01/22 Pending -- -- --
05/12/2022 05/12/22 For Sale $1,788,888 -- $598 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $22,329 $1,963,234 $1,273,449 $689,785
2024 $22,329 $1,924,740 $1,248,480 $676,260
2023 $22,262 $1,887,000 $1,224,000 $663,000
2022 $2,649 $195,887 $62,673 $133,214
2021 $2,612 $192,047 $61,445 $130,602
2020 $2,569 $190,078 $60,815 $129,263
2019 $2,544 $186,352 $59,623 $126,729
2018 $2,427 $182,699 $58,454 $124,245
2017 $2,398 $179,117 $57,308 $121,809
2016 $2,302 $175,606 $56,185 $119,421
2015 $2,279 $172,970 $55,342 $117,628
2014 $2,207 $169,582 $54,258 $115,324
Source: Public Records

Agents Affiliated with this Home

  • Ulysses S. Chua

    Seller's Agent in 2022

    Ulysses S. Chua

    KW Silicon City

    (408) 979-5848

    11 in this area

    32 Total Sales

    Ulysses S. Chua
    Section Image
  • Yajnesh Rai

    Buyer's Agent in 2022

    Yajnesh Rai

    Keller Williams Realty-Silicon Valley

    (408) 547-7845

    5 in this area

    75 Total Sales

    Yajnesh Rai
    Section Image
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Map

Source: MLSListings

MLS Number: ML81891294

MLSListings

APN: 022-09-022

California Santa Clara County Milpitas 95035

246 Marylinn Dr, Milpitas, CA

Not Listed for Sale

MultiFamily

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